| Broker | Address | Carrier | Commissions | Fees | Total comp | % of premium |
|---|---|---|---|---|---|---|
| GBS BENEFITS INC3 | 465 S 400 E STE 300 SALT LAKE CITY, UT 84111 | LIFEMAP ASSURANCE COMPANY | $10K | — | $10K | 12.73% |
| Provider | Services | Address | Compensation |
|---|---|---|---|
| GBS BENEFITS EIN 87-0680571 BROKER | Insurance agents and brokers Service code 22 | — | $49K |
| MBA BENEFIT ADMINSITRATORS, INC EIN 87-0667194 THIRD PARTY ADMINISTRATOR | Claims processing Service code 12 | — | $46K |
Benefits declared on the Form 5500 main form (✓ = also has a Schedule A insurance contract; otherwise the benefit is funded out of plan assets or via a Schedule C TPA).
The plan reports several different headcounts depending on which form you read. Each one measures a different slice of the population.
| Active participants | 349 | Currently employed and enrolled or eligible. |
| Total participants (= "Plan participants" tile) | 349 | Active + retired/separated + beneficiaries. No dependents. |
| Coverage | Top carrier | Persons covered EOY | Premium |
|---|---|---|---|
| Vision | LIFEMAP ASSURANCE COMPANY | 180 | $77K |
| Life insurance | LIFEMAP ASSURANCE COMPANY | 180 | $77K |
| Short-term disability | LIFEMAP ASSURANCE COMPANY | 180 | $77K |
| Other(2 contracts, 2 carriers) | LIFEMAP ASSURANCE COMPANY | 239 | $86K |
| Persons covered (= "Persons covered" tile) | Max across the rows above | 239 | — |
Why the numbers differ. Form 5500 line 6 counts employees + retirees + beneficiaries; no dependents. Schedule A persons-covered counts everyone enrolled, including spouses and children, so it usually exceeds line 6 by 30-60% on a working-age workforce. The medical row is normally the broadest single line because it has the highest take-up; dental/vision/life often dip below it. Stop-loss / reinsurance contracts sometimes report the carrier's full underwriting pool rather than this filer's headcount; the row is shown for transparency but shouldn't be read as "people in this plan."
Broker compensation exceeds 5% of premium. Either a small-plan minimum-fee dynamic or an inefficient broker structure ripe for a counter-bid.
Top carrier holds >85% of premium. If that carrier hits a rate increase, the entire plan moves.